Why is Hindoo. Mills falling/rising?

As of 20-Aug, Hindoostan Mills Ltd is currently priced at 192.95, reflecting an increase of 1.9 (0.99%). The stock has shown a trend reversal, gaining after two consecutive days of decline, although it opened with a loss of 3.17% today. The stock touched an intraday high of Rs 195 but also reached a low of Rs 185, indicating volatility. Despite a recent 4.35% gain over the past month, the stock has underperformed significantly over the longer term, with a year-to-date decline of 10.00% and a staggering 33.92% drop over the past year. The company faces challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative return on capital employed (ROCE) and overall weak long-term fundamental strength.
In the broader market context, the stock has underperformed against the benchmark Sensex, which has gained 1.64% over the past week and 4.76% year-to-date. The textile machinery sector, however, has seen a positive movement, gaining 2%. Despite a rise in investor participation, as indicated by a 34.73% increase in delivery volume, the overall sentiment remains cautious due to the company's reported losses and negative EBITDA. This consistent underperformance against the benchmark over the last three years further highlights the stock's challenges, making it a risky investment despite today's slight uptick.